Greenwave Technology Solutions, Inc. (GWAV): Nasdaq/NYSE listing notice — Greenwave regains compliance with Nasdaq market value rule, gets 180-day bid price extension

Greenwave Technology Solutions, Inc.

Regained compliance with Nasdaq Listing Rule 5550(b)(2) on market value of listed securities as of April 2, 2024.
If it fails compliance upon next periodic report, it may still face delisting.
Nasdaq granted 180-day extension to Sept 30, 2024 to regain $1.00 minimum bid price under Rule 5550(a)(2).
Company states it is on track for record revenues and steel volume in 2024.
GWAV common stock trades on Nasdaq Capital Market under symbol GWAV.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Greenwave Technology Solutions, Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 3, 2024, based on the Company’s compliance with NASDAQ Listing Rule 5550(b)(2) and all other applicable NASDAQ listing requirements with the exception of the minimum bid price requirement and the Company’s written notice of its intention to cure the minimum bid price deficiency during such additional compliance period, including by effecting a reverse stock split if necessary, the NASDAQ Listing Qualifications Department granted the Company an additional 180 calendar days, or until September 30, 2024, to regain compliance with the minimum bid price requirement. If the Company does not re

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Greenwave Technology Solutions, Inc. received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: stockholders equity
Rules: 5550(b)(2)

Exact text from the filing

April 2, 2024, the Company received a letter from the Listing Qualifications Department of NASDAQ notifying the Company that it had regained compliance with NASDAQ Listing Rule 5550(b)(2). However, if the Company fails to evidence compliance upon filing its next periodic report, it may be subject to delisting. As previously disclosed, on October 3, 2023, the Company received a letter from NASDAQ indicating that for the previous thirty (30) consecutive business days, the bid price for the Company’s common stock closed below the minimum $1.00 per share requirement for continued listing on NASDAQ

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Greenwave Technology Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-013113

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